Lastly, they like building relationships.

Reno's median home sales data speaks volumes – up by a remarkable 7.4% from last year!

We've even seen insurance on our Berclair houses continue to increase more than ever the last 2 years. 

I made this observation last year that the "vacation markets" such as Scottsdale, AZ took a dive when economic activity slowed down (and COVID money dried up).

In general though, you're able to directly offset your income from the active rental activity with the *losses* you take from the business, but once the business becomes profitable, this would also add to your taxable income. 

Most of the largest cities in the Midwest, includingChicago, Detroit, Indianapolis and Minneapolis, rank in the middle of the pack.Geographic and infrastructure advantages support leasing by small manufacturingand distribution tenants in these locations.However, limited population growth, or in some casespopulation losses, result in less robust leasing among smaller tenants in localconstruction trades.

But ONLY if it was your personal residence for two of the last five years.

If you need any guidance, feel free to connect.How has your journey been so far since your last post?

(BizJournal)Today’s Interest Rate: 6.91%(👇 .18% from this time last week, 30-yr mortgage)Economic CheckupThe economy is looking strong, and we always want to strongest economy we can get right?

There was a lot of competition when I bought my 1st property in that area in 2018 but a bunch of new STR communities have popped up over the last few years leading to a much more competitive market.